Paytm Money is going to organize a masterclass on ETF (Exchange Traded Funds) for the first time in the country. The company has decided to launch a campaign to promote ETFs and the masterclass is part of the same. In a statement issued by Paytm, it said that as part of the campaign, Paytm Money, along with ICICI Prudential, is organizing ‘ETF Masterclass – Rise with India’ for the first time in the country.
This is a two-day event where industry experts will create awareness about ETFs. The company said that tickets for ETF Masterclass will be available for Rs 99 on Paytm Insider. All those buying tickets will get a participation certificate and a free brokerage of Rs 500 on Paytm money.
ETF 20% share of ETF in next 2 years
Paytm Money is a wholly owned subsidiary of Paytm. Paytm Money aims to invest more than 1 lakh new investors with ETFs in the next one year. The company said that ETFs are cost efficient compared to traditional mutual funds due to lower commissions and higher returns, making it a valuable wealth product of investment for users. Trading in ETFs additionally creates new short-term income opportunities for investors. An ETF is a collection of securities that people can buy or sell on the stock exchange through a brokerage firm.
Paytm Money aims to encourage more Indians to manage their savings better and give them opportunities to raise funds. In a statement issued by Paytm, it is expected that in the next 2 years, ETF will account for 20% of the overall AUM of the company. There is potential for growth in the product and it will become the top investment instrument for Indians in the next five years.
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ETF Trading Features on Paytm Money
On Paytm Money, investors can start ETF investment with a low amount like Rs 16 in equity, Rs 44 in gold and Rs 120 in Nifty in a simple and convenient way. The live price of ETF on Paytm Money keeps updating. The investor can place a cell order in the open market hour and get the money directly in his bank account.
Source: www.financialexpress.com
